So now we have a carbon price in Australia. The sky hasn’t fallen in but neither are we getting anywhere near doing what needs to be done to respond to the climate change crisis.
Australia currently gets its energy in this mix:
• Fossil fuels: 95%, comprising coal: 39%, gas: 22%, petroleum: 35%
• Renewables: a miserable 5%.
According to the Labor government's own projections, with the carbon price, by 2035 Australia's energy mix will be:
• Fossil fuels: 91%, comprising less coal at 21%, more gas at 35%, petroleum: 36%
• Renewables: rising slightly to 9%.